Gold Rate Today (July 12, 2026): Gold prices have witnessed a noticeable correction over the past week, with 24-carat gold declining by as much as ₹4,370 per 10 grams in the domestic market. Silver prices have also fallen sharply, dropping ₹15,000 per kilogram during the same period.

Despite the recent decline, market analysts believe gold continues to have strong long-term support and do not expect a major correction in prices. Here's a look at the latest gold and silver rates across major Indian cities.

Gold Prices Fall During the Week

Gold prices have softened over the last seven days amid fluctuations in global bullion markets.

As of July 12, 2026, 24-carat gold in Delhi is priced at ₹1,44,480 per 10 grams, while Mumbai reports ₹1,44,330 per 10 grams.

In the international market, spot gold is trading at approximately $4,106.25 per ounce, with domestic prices continuing to reflect both global bullion trends and local market factors.

Experts See Strong Support for Gold

Although prices have declined recently, market experts believe gold remains fundamentally strong.

According to analysts:

• Gold has established a solid support zone near ₹1.35 lakh per 10 grams in the domestic market.

• Any further correction, if it occurs, is expected to be relatively limited.

• Long-term investors may continue monitoring price movements rather than expecting a steep decline.

Gold prices are influenced by several factors, including international bullion prices, central bank policies, geopolitical developments, currency movements, and domestic demand.

Latest Gold Rates in Major Indian Cities

Prices may vary slightly depending on local taxes, jeweller